Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Equity Bottom-Up

<ul><li>Broadcom Inc. is a global technology company operating across semiconductor solutions and infrastructure software.</li><li>It designs and supplies semiconductor devices used in data centers, networking, broadband and wireless communications, while also providing enterprise software focused on infrastructure systems, cybersecurity and cloud environments.</li><li>The company generates revenue from two main segments: Semiconductor Solutions and Infrastructure Software.</li></ul>

Broadcom Inc. is a global technology company operating across semiconductor solutions and infrastructure software.It designs and supplies semiconductor devices used in data centers, networking, broadband and wireless communications, while also providing enterprise software focused on infrastructure systems, cybersecurity and cloud environments.The company generates revenue from two main segments: Semiconductor Solutions and Infrastructure Software.

Broadcom Inc. (AVGO) - M&A Activity & Strategy Review

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM). Bulls remain firmly in control</li>
<li>We want to buy pullbacks to the 20-day MA or 21-day EMA on the SPX, QQQ, and IWM, however infrequent they may be (expecting ~1 test per month)</li>
<li>We highlight several attractive semiconductors to buy on any pullbacks: NVDA, TSM, AVGO, MU, AMD, INTC, TXN, ADI, MRVL, IFNNY, MPWR, NXPI, ASX, MCHP, STM, ON, UMC, LSCC, and SWKS</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM). Bulls remain firmly in control
We want to buy pullbacks to the 20-day MA or 21-day EMA on the SPX, QQQ, and IWM, however infrequent they may be (expecting ~1 test per month)
We highlight several attractive semiconductors to buy on any pullbacks: NVDA, TSM, AVGO, MU, AMD, INTC, TXN, ADI, MRVL, IFNNY, MPWR, NXPI, ASX, MCHP, STM, ON, UMC, LSCC, and SWKS


Downgrading Manufacturing to Market Weight; Semiconductor Buys: NVDA, TSM, AVGO, MU, AMD, and More

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Broadcom Inc. reported a strong start to fiscal 2026, with results driven primarily by accelerated demand in artificial intelligence semiconductors and continued operating leverage across its business.</li><li>Revenue reached a record level, supported by significant growth in semiconductor solutions, particularly custom AI accelerators and networking components.</li><li>This translated into high profitability, with adjusted EBITDA margins remaining elevated, reflecting both scale advantages and disciplined cost management.</li></ul>

Broadcom Inc. reported a strong start to fiscal 2026, with results driven primarily by accelerated demand in artificial intelligence semiconductors and continued operating leverage across its business.Revenue reached a record level, supported by significant growth in semiconductor solutions, particularly custom AI accelerators and networking components.This translated into high profitability, with adjusted EBITDA margins remaining elevated, reflecting both scale advantages and disciplined cost management.

Broadcom Inc. Is Building Gigawatt-Scale AI Infrastructure—Could This Trigger A Massive Revenue Surge?

<ul><li>Broadcom Inc. is increasingly being treated as a major beneficiary of artificial intelligence spending, but the more revealing development is not simply that it has won another important commercial relationship.</li><li>The deeper shift is that AI is starting to look less like a pure software race and more like a capacity-constrained infrastructure market in which compute access, supply assurance, and long-term deployment visibility shape outcomes.</li><li>Broadcom’s expanded arrangement with Google LLC covers custom TPUs, networking equipment, and AI data center components through 2031, while Anthropic’s planned access to roughly 3.5 gigawatts of TPU-based compute beginning in 2027 points to a world where AI capacity is being reserved well before end demand is fully proven.</li></ul>

Broadcom Inc. is increasingly being treated as a major beneficiary of artificial intelligence spending, but the more revealing development is not simply that it has won another important commercial relationship.The deeper shift is that AI is starting to look less like a pure software race and more like a capacity-constrained infrastructure market in which compute access, supply assurance, and long-term deployment visibility shape outcomes.Broadcom’s expanded arrangement with Google LLC covers custom TPUs, networking equipment, and AI data center components through 2031, while Anthropic’s planned access to roughly 3.5 gigawatts of TPU-based compute beginning in 2027 points to a world where AI capacity is being reserved well before end demand is fully proven.

Broadcom’s Latest Deals Signal A Major Shift In How AI Will Be Won!

Hedge Fund News, Information and Data, Hedge Fund Alpha

Hedge Fund Alpha

Hedge Fund News, Information and Data

We focus on hedge funds with a bias towards emerging managers, specifically fundamental long-short managers. We are known for a lot of insights and exclusives on hedge fund letters, coverage of industry conferences, and interviews with investors and interesting service providers.

Thematic (Sector/Industry)

<ul><li>Green Ash Horizon Fund fell 10.02% in July, sharply underperforming the MSCI World’s 0.51% gain as a broad momentum unwind hit technology and AI-related stocks.</li><li>The sell-off proved particularly severe in semiconductors, which fell 20% after gaining 88% over the preceding three months.</li><li>Despite the correction, hedge fund manager James Sanders remains constructive on the fundamental outlook and continues to see strong long-term potential in AI infrastructure.</li></ul>

Green Ash Horizon Fund fell 10.02% in July, sharply underperforming the MSCI World’s 0.51% gain as a broad momentum unwind hit technology and AI-related stocks.The sell-off proved particularly severe in semiconductors, which fell 20% after gaining 88% over the preceding three months.Despite the correction, hedge fund manager James Sanders remains constructive on the fundamental outlook and continues to see strong long-term potential in AI infrastructure.

Green Ash Horizon Fund Falls 10% in July as AI and Semiconductor Momentum Reverses

United States

Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions. The Company offers storage adapters, controllers, networking processors, motion control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. Broadcom serves customers worldwide.

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Broadcom (AVGO US)

Broadcom Inc. (AVGO) - M&A Activity & Strategy Review

Broadcom Inc. is a global technology company operating across semiconductor solutions and infrastructure software. It designs and supplies...

VRS (Valuation & Research Specialists)

Downgrading Manufacturing to Market Weight; Semiconductor Buys: NVDA, TSM, AVGO, MU, AMD, and More

Downgrading Manufacturing $XLI to Market Weight; Buy $SPX and $QQQ Pullbacks to 20-Day MA. Semiconductor buy ideas on pullbacks (remain overweight)...

Vermilion Research

Broadcom Inc. Is Building Gigawatt-Scale AI Infrastructure—Could This Trigger A Massive Revenue Surge?

Broadcom Inc. reported a strong start to fiscal 2026, with results driven primarily by accelerated demand in artificial intelligence...

Baptista Research

Broadcom’s Latest Deals Signal A Major Shift In How AI Will Be Won!

Broadcom Inc. is increasingly being treated as a major beneficiary of artificial intelligence spending, but the more revealing development is not...

Baptista Research

Green Ash Horizon Fund Falls 10% in July as AI and Semiconductor Momentum Reverses

Green Ash Horizon Fund fell 10.02% in July, sharply underperforming the MSCI World’s 0.51% gain as a broad momentum unwind hit technology and...

Hedge Fund Alpha

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